Father’s Day Spending to Reach $11.1B

Father’s Day spending is expected to jump significantly this year, according to the National Retail Federation.

The Washington-based association says Americans will spend an average of $106.49 on Father’s Day gifts this year, up from $94.32 in 2010, and the highest in the eight years the survey has been conducted.

Spending on dads is catching up to gifts for moms, though Mother’s Day spending still outpaces Father’s Day spending, with the average outlay for a Mother’s Day gift this year of $140.73.

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